Dagco Inc. Has $14.83 Million Stake in Apple Inc. $AAPL

Dagco Inc. increased its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 10.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,238 shares of the iPhone maker's stock after buying an additional 4,646 shares during the quarter. Apple comprises approximately 2.7% of Dagco Inc.'s investment portfolio, making the stock its 11th biggest position. Dagco Inc.'s holdings in Apple were worth $14,826,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Lifetime Wealth Management P.C. acquired a new stake in shares of Apple in the 4th quarter valued at $41,000. ROSS JOHNSON & Associates LLC lifted its stake in shares of Apple by 1,800.0% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker's stock valued at $42,000 after acquiring an additional 180 shares during the last quarter. LSV Asset Management bought a new position in shares of Apple in the 4th quarter valued at $65,000. Timmons Wealth Management LLC bought a new position in Apple during the 4th quarter worth $69,000. Finally, Inspire Investing LLC bought a new position in Apple during the 4th quarter worth $76,000. Institutional investors and hedge funds own 67.73% of the company's stock.

Insider Transactions at Apple

In related news, SVP Jennifer Newstead sold 1,439 shares of the stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $310.95, for a total value of $447,457.05. Following the completion of the transaction, the senior vice president directly owned 37,229 shares of the company's stock, valued at $11,576,357.55. This represents a 3.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Ben Borders sold 116 shares of the firm's stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total transaction of $34,236.24. Following the transaction, the insider directly owned 38,713 shares of the company's stock, valued at $11,425,754.82. This represents a 0.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 4,433 shares of company stock valued at $1,367,024. 0.06% of the stock is owned by insiders.

Apple Trading Down 1.9%

NASDAQ AAPL traded down $6.07 during trading on Monday, hitting $313.63. 15,356,139 shares of the company's stock traded hands, compared to its average volume of 49,963,801. The stock has a fifty day moving average of $312.24 and a two-hundred day moving average of $288.52. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93. Apple Inc. has a 12-month low of $225.95 and a 12-month high of $344.57. The firm has a market cap of $4.58 trillion, a P/E ratio of 35.97, a PEG ratio of 2.74 and a beta of 1.09.

Apple (NASDAQ:AAPL - Get Free Report) last posted its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, topping analysts' consensus estimates of $1.89 by $0.13. The company had revenue of $109.42 billion during the quarter, compared to analyst estimates of $109.04 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. Apple's revenue for the quarter was up 16.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.57 earnings per share. As a group, sell-side analysts expect that Apple Inc. will post 8.76 EPS for the current year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, August 10th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Monday, August 10th. Apple's dividend payout ratio is presently 12.39%.

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Orderly CEO succession: Tim Cook is leaving the CEO role after 15 years but will remain Apple’s executive chairman. Cook strongly endorsed successor John Ternus, a longtime hardware leader, potentially reducing fears of an abrupt management break. Tim Cook's parting message: Apple is in the hands of a product builder
• Positive Sentiment: Product catalysts ahead: Apple’s first major product event under Ternus is expected September 9, with reports pointing to new iPhones and a possible foldable model. Strong iPhone demand, potential iOS market-share gains and rising interest in Mac hardware for AI workloads could support future revenue. Apple Valuation Nears $5T as John Ternus Steps Up as New CEO
• Neutral Sentiment: Strong track record and support: Cook’s tenure produced substantial shareholder gains, while Apple’s latest quarter delivered revenue growth and an earnings beat. Analysts’ median price target remains above the current quotation, although the stock’s elevated valuation leaves less room for disappointment.
• Negative Sentiment: AI strategy concerns: Ternus inherits an artificial-intelligence strategy that relies heavily on outside partners, leaving Apple behind leading rivals in some areas. Investors will look for evidence that the new CEO can accelerate AI-powered Siri and on-device capabilities. Apple’s New CEO Inherits an AI Strategy Built on Outsiders
• Negative Sentiment: Execution and valuation risks: Commentators warn that App Store pressure, supply-chain challenges, potential memory-cost inflation and a trailing P/E near 37 make Apple vulnerable if the September launch disappoints. Apple TV+’s latest price increase could also slow subscriber growth. Apple Is Facing One of Its Most Challenging Times in a Decade

Analyst Ratings Changes

Several research analysts recently issued reports on AAPL shares. Rosenblatt Securities raised their target price on Apple from $276.00 to $300.00 and gave the stock a "neutral" rating in a research report on Friday, July 31st. Needham & Company LLC reissued a "hold" rating on shares of Apple in a research report on Friday, July 31st. Citigroup restated a "buy" rating and issued a $365.00 target price (up from $315.00) on shares of Apple in a research note on Monday, July 13th. Jefferies Financial Group downgraded Apple from a "buy" rating to an "underperform" rating and reduced their target price for the company from $285.56 to $263.66 in a research note on Monday, August 10th. Finally, Robert W. Baird lifted their price target on Apple from $310.00 to $330.00 and gave the company an "outperform" rating in a research note on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $330.53.

About Apple

Apple Inc NASDAQ: AAPL is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.

Apple's principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.